Federal Reserve

The steady mortgage-rate decline is making purchasing a home more affordable just as the spring buying season heats up.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dipped to 4.35 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.37 percent a week ago and 4.40 percent a year ago. The 30-year fixed rate has fallen 16 basis points since the first of the year. (A basis point is 0.01 percentage point.)

The 15-year fixed-rate average slipped to 3.78 percent with an average 0.4 point. It was 3.81 percent a week ago and 3.85 percent a year ago. The five-year adjustable...

Related "Federal Reserve" Articles

The steady mortgage-rate decline is making purchasing a home more affordable just as the spring buying season heats up.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dipped to 4.35 percent with an average...

A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during the wake of the financial crisis era.
Economists warn this is a red flag. Despite the strong...

Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.41 percent with an average 0.4 point....

President Donald Trump had a special guest for dinner Monday night: Federal Reserve Chair Jerome Powell, a frequent target of the president's criticism. Trump has repeatedly called the Fed "crazy" in recent months and accused the central bank of hurting...

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U.S. long-term mortgage rates edged up after declining in recent weeks.
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent...

The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given economic pressures and mild inflation. The Fed also says it's prepared to slow the reduction of its bond holdings if needed...

When home sales weaken, prices typically do, too, and buyers benefit.
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Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump has not tried to fire him and that he would not resign from his position if Trump asked him to do so.
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President Donald Trump lashed out at the Federal Reserve Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe.
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